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Home | News | Foreclosure (page 337)

Report: Government Programs Impact California Foreclosures

ForeclosureRadar, which tracks every California foreclosure and provides daily auction updates on its Web site, issued its March Foreclosure Report for the Golden State on Tuesday. According to the company’s market data, foreclosure notices hit a new record level, while foreclosure sales in the state dropped last month.

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New York Fed: Seven Percent of Upstate Subprime Loans in Foreclosure

The Federal Reserve Bank of New York recently released A Look at Upstate New York’s Subprime Mortgages in Foreclosure:http://www.newyorkfed.org/regional/2009_Facts_Trends_Vol_2_1.pdf, a report intended to help local housing service providers identify the upstate counties with higher levels of subprime foreclosures and strategically design assistance programs for the expansive region.

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Massachusetts AG Sues Foreclosure Rescue Companies

Massachusetts Attorney General Martha Coakley has filed a lawsuit and obtained a temporary restraining order against four defendants for their involvement in a foreclosure rescue scam. The complaint, filed in Suffolk Superior Court, alleges that Loan Modification Group Corp.

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Delinquencies Plague Fannie, Freddie

Statistics show that more homeowners are falling behind on their mortgage payments as the economy tightens, and that even applies to the higher-quality, less-risky home loans owned by GSEs Fannie Mae and Freddie Mac.

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Gov. Agencies Crack Down on Foreclosure Rescue Scams

The U.S. Department of the Treasury, the U.S. Department of Justice, the Department of Housing and Urban Development (HUD), the Federal Trade Commission (FTC), and the Attorney General of Illinois announced the launch of a new initiative on Monday aimed at foreclosure rescue scams and loan modification fraud.

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RealtyTrac Launches Renter Alerts

On Wednesday, online foreclosure marketplace RealtyTrac announced the launch of RealtyTrac Renter Alerts. The new monitoring service gives tenants advance notice if their landlord defaults on the mortgage and the property they are renting is about to be foreclosed and repossessed by the lender.

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Massachusetts’ February Foreclosure Deeds Wane

Fewer Bay State properties were foreclosed on in February compared to the prior month and a year earlier, according to a new report released Tuesday by Boston-based The Warren Group. Still, despite this flicker of positive news for the Massachusetts housing market, the number of foreclosures initiated by lenders climbed again for the fourth consecutive month.

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